What is the GENIUS Act?

The GENIUS Act,or Guiding and Establishing National Innovation for U.S. Stablecoins Act, aims to establish a federal framework for U.S. dollar-pegged stablecoins, allowing private companies to issue them under strict regulations.

How does the GENIUS Act impact stablecoins?

It allows for the regulated issuance of stablecoins, requiring full reserve backing and monthly audits, potentially leading to market growth.

Why are Circle and Coinbase stocks rising?

The passage of the GENIUS Act has instilled confidence in the stablecoin market, boosting the prospects of circle (USDC issuer) and Coinbase (USDC co-founder).

What are the key provisions of the GENIUS Act regarding stablecoin regulation?

Key provisions include full reserve backing for stablecoins, monthly audits, and a prohibition on yield-bearing consumer stablecoins.

What challenges remain for the GENIUS Act?

The bill must still pass the House, where a different version exists (STABLE Act). Reconciling the two versions and agreeing on regulatory oversight could take time.

How much revenue do stablecoins generate for Coinbase?

Stablecoin-related income has become Coinbase's biggest revenue driver after trading, with income increasing 50% year-over-year in the first quarter.

what is Coinbase's strategy regarding USDC?

Coinbase CEO Brian Armstrong wants USDC to become the world's top stablecoin and sees stablecoins as a major pillar of Coinbase's long-term growth.

Economy

Coinbase, Circle Shares Surge After Stablecoin Bill Passes

by Alexandra Hartman Editor-in-Chief June 18, 2025

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GENIUS Act Fuels Stablecoin surge: Circle & Coinbase Stocks Soar

Wall Street is buzzing as shares of Circle and Coinbase experienced significant rallies Wednesday. Investors are responding positively to the Senate’s approval of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which seeks to provide a federal framework for dollar-pegged stablecoins.

Alexandra Hartman Editor-in-Chief

Editor-in-Chief Prize-winning journalist with over 20 years of international news experience. Alexandra leads the editorial team, ensuring every story meets the highest standards of accuracy and journalistic integrity.

Coinbase, Circle Shares Surge After Stablecoin Bill Passes

GENIUS Act Fuels Stablecoin surge: Circle & Coinbase Stocks Soar

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